Ardevora UK Equity Fund C GBP Acc

Objectives and investment policy Objective The Fund aims to achieve long-term capital growth. Investment policy The Fund is actively managed and will primarily invest in and gain direct exposure to a diversified portfolio of UK equity or equity-related securities (such as ordinary and preference shares, global depository receipts and American depository receipts). Essential features of the Fund:  The Investment Manager has discretion over the assets held within the Fund. The Fund is managed in reference to a benchmark MSCI United Kingdom IMI Index, as it aims to outperform the benchmark and such performance is compared to the benchmark in marketing materials. Investments for the portfolio are not specifically selected from the constituents of the benchmark, hence the Fund's investment policy is in no way constrained and the degree of deviation from the benchmark may be significant.  In the event that the Investment Manager believes that significant market falls could occur, the Fund may sell investments and hold a high proportion of cash or holdings similar to cash.  Income arising from the fund will be distributed. It should be noted that generation of income is not a primary objective for this fund.  The minimum recommended holding period for the Fund is five years.  You may purchase/redeem shares in the Fund on any day that is a business day both in Dublin and London.